Logistics industry has always been an underdog, and has not achieved the much deserved attention yet. The sector is full of potential, but we are still lacking optimal utilisation of resources.

Minister of Food Processing Industries Harsimrat Kaur Badal has held an interaction with promoters of newly-allotted integrated cold chain projects in New Delhi. Addressing them, the minister emphasised the need to set up integrated cold chain projects “on war scale” in the country for all-round development of India and for fast-tracking transformation of the Indian economy.

Private equity firm Neev Fund, which is backed by India’s largest lender State Bank of India, has struck its second deal this year in a cold chain logistics service provider, a person familiar with the development has told VCCircle.

The warehousing sector has seen minimal growth in India during the past decade or so. However, the last four-five years have been eventful for the sector which has witnessed a tremendous surge in business activities and foreign investments.

Aiming to boost growth of the food processing sector, the government has said that all 42 sanctioned mega food parks would be operational within the next two years

The fast growth of the Indian economy in recent years has placed increasing stress on physical infrastructure, such as electricity, railways, roads, ports, airports, irrigation, healthcare, water supply and sanitation systems, all of which already suffer from a substantial deficit

Anil Kumar Gupta, Chairman & Managing Director, CONCOR, expects a significant progress in the Indian logistics sector and highlights the expectations from the government initiatives.

While acknowledging the bottlenecks, Shashi Kiran Shetty, Founder and Chairman, Allcargo Logistics, expects that positive governance will bring a new wave in the Indian logistics industry.

While acknowledging the bottlenecks, Shashi Kiran Shetty, Founder and Chairman, Allcargo Logistics, expects that positive governance will bring a new wave in the Indian logistics industry.